Cash Application Specialist
6 days ago
We are seeking a highly detail-oriented and organized individual to fill the role of Cash Application Specialist at ADCI - Maharashtra. The ideal candidate will possess a strong understanding of Accounts Receivables processes and be proficient in Microsoft Excel.
The successful candidate will be responsible for posting payments from the lockbox, ACH, and wire transfer to customer accounts, as well as communicating cash adjustments and reducing un-applied cash receipts on aged accounts receivable. This role requires strong research skills, with the ability to analyze reports and reconcile large amounts of data.
The key responsibilities of this position include:
- Understanding of Accounts Receivables process
- Post daily receipts (wires/ACH/checks) and credit/debit memos on a timely basis
- Contact customer, collections and business partners to obtain remittance details
- Research and resolve misapplied and unidentified cash receipts in ERP
- Identify and manually tag all customer remit discrepancies and short payments
- Undertake tasks as requested by the Team Leader that may involve testing and process improvement
- Assist in streamlining and improving the accounts receivable process by identifying areas of improvement
- Maintain, prepare and distribute daily and monthly reporting to Supervisor, and other stakeholders
- Meet the monthly productivity goals
- Identify and reconcile payment differences, post short/over payments, deductions on account and partial payments and appropriately code all reconciling transactions
The ideal candidate will possess a degree in Finance/Accounting/Business Studies or a related field and 2 to 4 years of experience in Accounts Receivables. Strong communication skills, both written and verbal, are essential, as well as the ability to take initiatives, meet tight deadlines and prioritize workload. Prior exposure to Oracle ERP is a plus.
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Cash Application Specialist
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Cash Application Specialist
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Cash Application Specialist
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